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A look at how proptech startup Knotel went from a $1.6B valuation to filing for bankruptcy

TechCrunch

It’s a new category the industry hasn’t seen and is rapidly adopting. In August, Knotel announced the completion of a $400 million financing, led by Wafra, an investment arm of the Sovereign Wealth Fund of Kuwait. We’ve watched their ascent from a distance and are now thrilled to join them on the journey.

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Faraday Future founder’s bankruptcy spiked a potential deal in the Middle East

The Verge

Saudi Arabia’s Public Investment Fund already owns a majority stake in fellow EV startup Lucid Motors, and the UAE and Kuwait have even bigger sovereign funds. The lawyer for Jia who spoke during the hearing did not specify which Middle Eastern sovereign wealth fund was interested, and a spokesperson for Faraday Future declined to comment.

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ChatGPT: Everything you need to know about the AI-powered chatbot

TechCrunch

DST must fulfill permitting requirements to operate in China, including securing a license from the Ministry of Industry and Information Technology (MIIT),” Apple said in a letter to OpenCat, a native ChatGPT client. Should we automate away all the jobs, including the fulfilling ones? Does ChatGPT have an app? iOS users at launch.

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Platforms successfully stopped a lame COVID conspiracy video from going viral

The Verge

Another team is examining Google’s online advertising business , where the company owns industry-leading tools at every link in the complex chain between online publishers and advertisers. The more aggressive apps introduced in South Korea and Kuwait may have been more effective, but they also introduced privacy concerns. Industry. ?

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